December 22, 2011

American Airlines can take delivery of new Boeings

A bankruptcy judge says that the parent of American Airlines can go ahead with its previously scheduled deliveries of Boeing aircraft next year. U.S. Bankruptcy Judge Sean Lane ruled today that AMR Corp. can continue the process of purchasing 32 Boeing planes. The ruling allows the company to continue renewing its fleet even though it filed for Chapter 11 bankruptcy protection on Nov. 29. American has also won approval to get out of leases for two dozen aging aircraft. None of the planes are currently in service. AMR says it no longer makes financial sense to keep the planes. An attorney for AMR also told the judge that there has been no noticeable decline in passengers since the filing.